ED Attaches Assets Worth ₹50 Crore in SHHOPL Bank Fraud Case
Chandigarh: In a major crackdown on financial irregularities, the Enforcement Directorate (ED), Chandigarh, has provisionally attached movable and immovable assets worth ₹23.17 crore (current market value approximately ₹50 crore) under the Prevention of Money Laundering Act (PMLA), 2002.
The assets belong to M/s Sativa Global Exports and M/s Superior Soil Products—both owned by Rajesh Kumar—as well as individuals Chirag Gupta, Gautam Gupta, Ashok Kumar, and Amit Kumar Gupta.
The action is linked to the ongoing bank fraud investigation involving M/s Shri Hari Har Overseas Pvt. Ltd. (SHHOPL).
The ED’s move comes as part of its probe into alleged financial misconduct and money laundering linked to the company. Further investigation is underway.
